Form 4: Arthur G. Altschul, Jr. Reports Sale of General American Investors Co. Inc. Preferred Stock

Director Arthur G. Altschul, Jr. reports the sale of 6,397 shares of Series B 5.95% Preferred Stock of General American Investors Co. Inc. at a price of $24.6301 per share.

Summary

• On May 22, 2024, Arthur G. Altschul, Jr., a director of General American Investors Co. Inc., sold 6,397 shares of Series B 5.95% Preferred Stock.
• The sale price was $24.6301 per share.
• Following the transaction, Altschul directly owns 26,400 shares of the Series B Preferred Stock.
• Altschul also indirectly owns 11,487 shares of Common Stock as a trustee and beneficiary, 3,258 shares as a trustee, and 4,908 shares as a trust beneficiary.
• He disclaims beneficial ownership of 4,000 Series B Preferred Stock shares held in trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The sale of shares by a director may be of interest to shareholders, as it provides insight into the director's perspective on the company's stock.

Key Dates